I’m okay with a little fear before FOMC, even a sweep down toward the $BTC 87k area. If that happens and price snaps back quickly, that’s strength, not weakness.
For me it’s clear levels only: Lose 86k and this idea fails, with risk of a deeper move toward 80k. Reclaim and hold above 92k, and I start thinking the path to 100k opens fast.
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I’m okay with a little fear before FOMC, even a sweep down toward the $BTC 87k area. If that happens and price snaps back quickly, that’s strength, not weakness.
For me it’s clear levels only: Lose 86k and this idea fails, with risk of a deeper move toward 80k. Reclaim and hold above 92k, and I start thinking the path to 100k opens fast.
Let’s see which level the market respects.